Sunday, March 26, 2023

Rollercoaster Ride To Nowhere Continues

SGS Market Timer Status:  SHORT 
SHORT as of the close of Friday March 10, 2023 
Previous SGS Status

SGS is a Long-Term (weeks to months) Timer
SGS Performance Data 
Why Market Timing Is A Must

Since late 2022, indices have been on a rollercoaster ride to nowhere.  Chances are good that the rollercoaster ride to nowhere continues until 2023 Q1 earrings and forecasts for big cap. companies are out starting in the middle of next month.

SGS Market Timer

As of the close of last Friday (3/24), the value of SGS was calculated to be -481.  The status of SGS remains SHORT.

S&P 500 Support And Resistance Levels

Support and resistance levels for SPX for this week are shown above.

My Plan

I'm 95% in cash and my plan is to stay in cash for now and see how the current banking crisis settles.


SPX: S&P 500 Index    SMA: Simple Moving Average
DJI: Dow Jones Industrial Index    EMA: Exponential Moving Average
DJT: Dow Jones Transportation Index    PDL: Primary Downtrend Line
NAZ: NASDAQ Composite Index    PUL: Primary Uptrend Line
RUT: Russell 2000 Index    ASL: Active Support Line
OEX: S&P 100 Index    ARL: Active Resistance Line
NDX: NASDAQ 100 Index    DTL: Dynamic Trend Line   
TUL: Tentative Uptrend Line   TDL: Tentative Downtrend Line
TLR: Trend Line Resistance   TLS: Trend Line Support

Disclaimer: The views expressed are provided for informational purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.